Template Header Object

Electronic Funds Transfer

Your brokerage account comes with the option of Electronic Funds Transfer ("EFT") via the Automated Clearing House ("ACH") system, allowing you to move money easily, without charge, between your personal U.S. bank account and your brokerage account. EFT transactions received prior to 1:00 PM Pacific time are normally posted to your account the same day, and you will receive a confirmation of each transaction. An identically registered (see below), regular checking account at a participating bank is required.

Use EFT to:

  • Accumulate more investment shares in your Saturna Brokerage account through an Automatic Investment Plan
  • Regularly redeem portions of your investments and send the proceeds to your bank checking account
  • Transfer amounts between your bank checking account and your Saturna Brokerage account by simply calling a Saturna representative

Getting started with EFT is easy: Complete the EFT/ACH Form and send it along with a voided check to Saturna Brokerage Services, P.O. Box N, Bellingham, WA 98227. For an Automatic Investment Plan, you will also need to complete and mail the Saturna Capital Account Maintenance form to specify the name of the security and to authorize the dollar amount and timing of the automated investment purchase.

Note that you should allow two weeks for activation of EFT services on your account. For assistance in setting up EFT, please contact a Saturna Brokerage Services representative.

Wiring Money To Your Account

Your trade could be delayed if you wire money in error. Please use the following instructions for wires to your brokerage account.

  • Make sure that the bank account from which you plan to wire assets is identically registered to your Saturna Brokerage nonretirement account
  • Before sending money, notify Saturna Brokerage of the incoming wire by calling (360) 734-1266, or (800) 728-1266. Legal restrictions may apply.
  • Have your bank wire money through the Federal Reserve System to:

    The Bank of New York
    New York, NY
    ABA # 021000018
    A/C Pershing LLC
    A/C # 890-051238-5
    For Further Credit (FFC): Your Pershing Account Number & Your Name

Accounts are identically registered if they have the same:

  • Account owner name and address
  • Tax identification number
  • Account type (for example, retirement or nonretirement)
  • Ownership terms (for example, joint tenants in common, joint tenants with rights of survivorship, or joint tenants in entirety)